Vanguard Group Inc. increased its position in Darling Ingredients Inc. (NYSE:DAR) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,581,089 shares of the company’s stock after buying an additional 679,195 shares during the period. Vanguard Group Inc. owned approximately 8.25% of Darling Ingredients worth $202,358,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in Darling Ingredients by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock worth $103,000 after buying an additional 600 shares during the last quarter. 1st Global Advisors Inc. raised its position in Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock worth $160,000 after buying an additional 57 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Darling Ingredients during the second quarter worth about $164,000. BlackRock Inc. raised its position in Darling Ingredients by 114.0% in the first quarter. BlackRock Inc. now owns 16,659 shares of the company’s stock worth $220,000 after buying an additional 8,873 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. purchased a new position in Darling Ingredients during the first quarter worth about $258,000. Institutional investors own 95.35% of the company’s stock.
Darling Ingredients Inc. (NYSE:DAR) opened at 13.32 on Monday. Darling Ingredients Inc. has a 52 week low of $7.78 and a 52 week high of $15.93. The firm has a 50 day moving average of $13.57 and a 200-day moving average of $14.34. The company has a market capitalization of $2.19 billion, a P/E ratio of 20.24 and a beta of 1.77.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The firm earned $877.50 million during the quarter, compared to analyst estimates of $875.85 million. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Darling Ingredients Inc. will post $0.56 earnings per share for the current year.
DAR has been the topic of a number of research analyst reports. Roth Capital set a $16.50 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research note on Monday, September 19th. TheStreet upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Goldman Sachs Group Inc. upgraded shares of Darling Ingredients from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $18.00 in a research report on Wednesday, June 29th. Canaccord Genuity set a $18.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research report on Thursday, September 15th. Finally, Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Monday, September 5th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Darling Ingredients currently has a consensus rating of “Buy” and a consensus price target of $16.94.
In other news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $14.18, for a total transaction of $159,638.44. Following the sale, the executive vice president now directly owns 115,711 shares in the company, valued at approximately $1,640,781.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.75% of the company’s stock.
Darling Ingredients Company Profile
Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.
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